Turkish Stocks: Gozde Finans, Dogan Yayin, Nurol Are Active

Turkey’s benchmark ISE National 100 Index lost 372.47, or 0.6 percent, to 63,355.48 at 12:00 p.m. in Istanbul.

The following stocks were active. Symbols are in parentheses.

Gozde Finansal Hizmetler AS (GOZFN TI), a financial services company owned by Turkey’s Yildiz Holding AS, surged 11 percent, adding 41 kurus to 3.98 liras. The company is partnering with KKR & Co. LP to bid for assets of the country’s biggest media group Dogan Yayin Holding AS (DYHOL TI), it said in a statement to the stock exchange. Dogan Yayin shares also rose, adding 2 kurus, or 1 percent, to 2.00 liras.

Nurol Gayrimenkul Yatirim Ortakligi AS (NUGYO TI), a real estate investment trust, rose 4.33 percent, adding 18 kurus to 4.34 liras. The company won a contract worth 111.8 million liras ($70 million) from the government’s housing agency Toki to develop a project in Istanbul’s Mecidiyekoy district, it said in a statement to the bourse after the market closed yesterday.

To contact the reporter on this story: Benjamin Harvey in Istanbul at bharvey11@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.